Circular Economy: New Opportunities for Growth

Nikolay Sterev () and Vania Ivanova
Additional contact information
Nikolay Sterev: UNWE-Sofia
Authors registered in the RePEc Author Service: Николай Щерев

A chapter in Eurasian Economic Perspectives, 2021, pp 339-357 from Springer

Abstract: Abstract Circular economy’s approach attracts a lot of followers nowadays. It mobilizes not just public authorities, but the social responsible business as well. Although circular economy (CE) was established as strategy for clean environment, it overpassed the need of recycling and waste management mechanisms. It covers new business models that generate added value through optimizing the resource’s and energy’s inputs not by single company but by the whole added value chain. Transition to a circular economy is based on reducing not just the waste but the primary recourses as well as increasing of waste reuses. Circular economy actions are closely linked to key EU priorities, including jobs, growth, climate, and energy. The goal of the paper is to explore the opportunities from application of the circular economy principles for forcing up not just economic growth but improving quality of life. The used methods are as follows: descriptive, quantitative, and qualitative analysis of main indicators of circular economy, statistical analysis of the business model: production level—resources productivity—waste generation—circularity rate—investments in circular economy subsectors. As the analysis shows heterogeneity among EU countries in application of the circular economy approach, there is different speed of transferring economic growth from linear to circular subsectors. There is proved that some of the EU economies are fully linear and they delay real shift between linear and circular business models. Bulgaria needs as soon as possible to enforce the acceptance of newer CE strategy that covers the road from LE to CE. The main conclusion is to set new institutional measures for those EU economies that had to shift between linear and circular business models.

Keywords: Circular economy; Resource productivity; Waste management; Economic growth; Bulgaria; EU (search for similar items in EconPapers)
Date: 2021
References: Add references at CitEc
Citations: View citations in EconPapers (1)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:eurchp:978-3-030-63149-9_21

Ordering information: This item can be ordered from
http://www.springer.com/9783030631499

DOI: 10.1007/978-3-030-63149-9_21

Access Statistics for this chapter

More chapters in Eurasian Studies in Business and Economics from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().